THE FIRST NATIONAL BANK OF ST. JOSEPH Failed 1985
What happened
THE FIRST NATIONAL BANK OF ST. JOSEPH of ST. JOSEPH, MO was closed on 1985-10-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to COMMERCE BK OF ST JOSEPH (ST. JOSEPH, MO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1083
- FDIC Certificate
- 4602
- FDIC FIN
- 2504
- Bank name
- THE FIRST NATIONAL BANK OF ST. JOSEPH
- Location
- ST. JOSEPH, MO
- Failure date
- 1985-10-11
- FDIC resolution date
- 1985-10-11
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $27M
- Deposits at failure
- $176M
- Assets at failure
- $193M
- Acquiring bank
- COMMERCE BK OF ST JOSEPH (ST. JOSEPH, MO)